The short answer
KATAPULT INC is an automated lease-to-own installment payment for e-commerce purchases (furniture, electronics, appliances, computers) financed through Katapult at checkout on partner retail websites like Wayfair and Lenovo.
Where the e-commerce lease fees originate
Katapult Holdings, Inc. (NASDAQ: KPLT) is an omnichannel lease-purchase solution integrated into the checkouts of prominent online retailers (such as Wayfair, Affirm partner merchants, Lenovo, and Purple). When a shopper does not qualify for traditional financing through Affirm or store credit, merchants offer Katapult as a no-credit-required lease-purchase alternative. Statement feeds record KATAPULT INC, KATAPULT LEASING, or KATAPULT PAYMENTS.
When an order completes through Katapult, you pay an initial payment at checkout (often $45 or the first scheduled installment). Subsequent lease payments draft automatically from your debit or credit card on a recurring schedule matched to your pay dates (bi-weekly, semi-monthly, or monthly) over a standard 12-month to 18-month term.
Katapult provides a 90-Day Early Purchase Option allowing consumers to buy out the merchandise within 90 days for the cash price plus a nominal buyout fee. If you miss the 90-day window, standard lease payments continue, resulting in total payments that typically equal twice the original item cash price.
Charges you did not expect
- An automatic recurring lease payment debited on your direct deposit payday.
- A full-term monthly lease deduction continuing after the 90-day buyout deadline passed.
- An initial lease origination payment collected at the time of online checkout.
- A late fee of up to $10 charged when an automated card debit declined.
Taking control of your Katapult lease
- Sign into your Katapult account portal at katapult.com/login Inspect your active lease contracts, itemized payment schedules, and 90-day early purchase expiration date.
- Exercise the 90-day early buyout Pay off the remaining cash price balance through the online portal or by calling customer support to prevent long-term lease fees.
- Surrender merchandise if no longer affordable Katapult allows customers to return the leased merchandise in working order at any time to cancel future payment obligations.
Frequently asked questions
Why did I get a Katapult charge after applying for Affirm?
Affirm partners with Katapult as a secondary lease-purchase option for customers who are not approved for standard Affirm financing at partner checkout.
How do I pay off my Katapult lease early?
Log into your customer account at katapult.com or call 1-833-528-2785 to request your 90-day early buyout amount and settle the balance.
Independent reference — not affiliated with Katapult Holdings, Inc.. Billing names and policies change; verify with the merchant or your bank before acting.
Verified sources
Every claim on this page is checked against official sources — open them to confirm before you call your bank.
- Katapult - How Lease-Purchase Works and Terms https://katapult.com/how-it-works/
- SEC - Katapult Holdings Inc Form 10-K Annual Filing https://ir.katapultholdings.com/sec-filings
Reviewed Sep 26, 2026 · high · About UnknownCharges